GoDaddy (NYSE:GDDY) Stock: Insider Leah Sweet Sells 645 Shares

GoDaddy Inc. (NYSE:GDDY) Director Leah Sweet sold 645 shares of the company’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $116.67, for a total transaction of $75,252.15. Following the sale, the director directly owned 13,044 shares of the company’s stock, valued at approximately $1,521,843.48. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Leah Sweet also recently made the following trade(s):

• On Tuesday, September 1st, Leah Sweet sold 325 shares of GoDaddy stock. The shares were sold at an average price of $97.44, for a total transaction of $31,668.00.
• On Friday, August 28th, Leah Sweet sold 325 shares of GoDaddy stock. The shares were sold at an average price of $97.37, for a total transaction of $31,645.25.

GoDaddy Stock Performance

GDDY traded up $1.69 during trading on Tuesday, hitting $113.40. The stock had a trading volume of 1,114,027 shares, compared to its average volume of 2,233,774. The firm has a market cap of $14.36 billion, a PE ratio of 15.51 and a beta of 0.94. GoDaddy Inc. has a 12 month low of $71.59 and a 12 month high of $133.34. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 561.10. The company has a 50 day simple moving average of $103.58 and a 200-day simple moving average of $92.43.

GoDaddy (NYSE:GDDY) last released its earnings results on Thursday, October 29th. The technology company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.18. GoDaddy had a net margin of 18.56% and a return on equity of 1,200.87%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business earned $1.51 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Analysts expect that GoDaddy Inc. will post 7.48 EPS for the current year.

Wall Street Analysts Forecast Growth

GDDY has been the topic of several research reports. Wells Fargo & Company downgraded shares of GoDaddy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $80.00 to $76.00 in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft cut shares of GoDaddy to a “buy” rating in a research note on Friday, July 31st. UBS Group lifted their target price on GoDaddy from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. B. Riley Financial lowered their price target on GoDaddy from $190.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Cantor Fitzgerald upped their price target on GoDaddy from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, October 19th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, GoDaddy currently has an average rating of “Hold” and a consensus target price of $113.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of GoDaddy by 93.8% in the 1st quarter. International Assets Investment Management LLC now owns 372 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares in the last quarter. Perkins Coie Trust Co acquired a new stake in shares of GoDaddy during the 2nd quarter valued at about $34,000. Albion Financial Group UT bought a new stake in GoDaddy in the third quarter valued at about $39,000. Elevation Wealth Partners LLC raised its position in GoDaddy by 109.3% in the third quarter. Elevation Wealth Partners LLC now owns 473 shares of the technology company’s stock worth $45,000 after purchasing an additional 247 shares in the last quarter. Finally, Provenance Wealth Advisors LLC bought a new position in GoDaddy during the third quarter worth about $67,000. 90.28% of the stock is owned by institutional investors.

GoDaddy Company Profile

GoDaddy is a technology company that helps individuals, entrepreneurs and small businesses establish and manage an online presence. Its services include domain-name registration and management, web hosting, website-building tools and professional email. The company also offers tools for online commerce, digital marketing and website security, helping customers build and operate websites and connect with customers online. Founded in 1997 as Jomax Technologies, it later adopted the GoDaddy name and serves customers around the world.